AP nods Rs. 5,000 cr port terminal projects

    LNG Terminal
    The Krishna-Godavari port terminal has secured in-principle nod for setting up of a Rs 5,000-cr floating LNG terminal with a capacity of 7.2 MMTPA in two phases in the offshore of Kakinada Deep Water Port, Kakinada, Andhra Pradesh, said shipping ministry sources, adding that the State Energy, Infrastructure and Investment Department, has issued orders to facilitate the setting up of the $750-million project, with phase-I entailing an outlay of $550 million (Rs. 3,685cr) and phase II $200 million (Rs. 1,350cr). In this connection, the Director of Ports had entered into a MoU with Krishna-Godavari LNG Terminal, recently, and the Ministry of Environment and Forests had issued terms of reference on February 2016 and revalidated it in July 2016 till December 1, 2016. Kakinada Sea Ports Ltd. shall obtain permission for the setting up of Floating Storage Re-gasification Unit (FSRU) Project in open sea from the Navigational Safety in Ports Committee (NSPC) under the Ministry of Shipping, Mumbai.
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